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Offshore wind-I: Why ONGC and RIL-BP have an advantage over others
May 15: The growth of offshore wind creates potential synergies with the offshore hydrocarbons sector; integration could bring benefits in terms of reduced costs, improved environmental performance and utilisation of infrastructure. The interlinkages between the different offshore energy industries are in three major areas:
8The overlapping competencies required to construct and maintain offshore projects and to operate in harsh marine environments. Around one-third of the full lifetime costs of an offshore wind project (including operation, maintenance and service costs) may have significant synergies with the oil and gas supply chain.
8The possibility to electrify offshore oil and gas operations where there are wind farms nearby, or via floating turbines, reducing the need to run diesel or gas-fired generators on the platform and reducing emissions of carbon dioxide (CO2) and air pollutants.
8The scope to find new uses for existing offshore infrastructure once it reaches the end of its operational life, in ways that might aid energy transitions: for example, platforms could provide offshore bases for maintenance of wind farms, house facilities to convert power to hydrogen or ammonia, or be used to inject CO2 into depleted fields.
8Should companies like ONGC and RIL-BP be listening in to these possibilities?
8The possibility of policy makers to veer towards integrated offshore thinking extends well beyond the energy sector to encompass shipping, port infrastructure, other maritime industries and all aspects of the marine environment.
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